Opening value of the euro in Chile on March 17 from EUR to CLP

Earlier in the day, the euro was trading at the opening at 880.58 Chilean pesos, which meant an increase of 1.59% compared to 866.80 Chilean pesos the previous day.

In the last week, the euro increased by 0.34% and for one year it still accumulated an increase of 2.91%. As for the changes of this day compared to the previous days, it interrupts two sessions in a row with a negative trend. In reference to the volatility of the last week, it is lower than the accumulated last year, so that in this last phase it is showing fewer changes than normal.

In the annual photo, the euro reached a maximum of 965.23 Chilean pesos, while its lowest level was 865.16 Chilean pesos. The euro is placed closer to the minimum than the maximum.

The Chilean Peso

has been legal tender for Chile since 1975, resumes the use of the peso sign ($) and is regulated by the Central Bank of Chile, which controls the amount of money created.

The Chilean currency was established in 1817 after the country's independence, but it was until 1851 that the decimal system was established in the Chilean peso, which is now 100 cents. Over time, the currency changed, but is currently counted in whole pesos.

To date, you can find 5, 10, 50, 100 and 500 pesos coins, the latter being the first bimetallic coin produced in the country. In 2009, attempts were made to create 20 and 200 pesos coins, but the project was repudiated by Congress. Meanwhile, in 2017 it was approved that the 1 and 5 peso coins should be discontinued.

Similarly, in October 2018, the Central Bank of Chile announced that it would begin to withdraw 100-peso coins created between 1981 and 2000 from circulation, in order to reduce their coexistence with current currencies, although they are still in force.

In terms of economic issues, Chile resented the blow caused by the COVID-19 pandemic, especially after the close of 2021 with inflation of 7.2%, its highest level in 14 years and well above the Central Bank's 3% target.

Although for 2022 the International Monetary Fund (IMF) has revised the growth of most Latin American countries downwards, this is not the case for Colombia, Peru and Chile, whose expectations continue to rise after showing surprising growth and recovery at the end of 2021.

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Agencies